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Buy a Blog: Effort 3Flippa: You can also get an existing blog that's already making money. People sell successful blogs for all sorts of reasons; theyre tired of doing this, they no longer have enough time to get it done, its not making enough money, or your offer was too good to refuse.It requires some research to find a blog worth buying though, kind of like choosing the ideal rental property.
You can outsource websites available in Flippa, and a few can be had for just a few dollars.Buy an Existing Business: Effort 3The barrier to buying an online business is a lot lower than purchasing a brick and mortar business. They can be had more cheaply, and there arent a lot of any physical resources to address, and there isnt much overhead.You can find online businesses for sale on sites such as BizBuySell.Buy Royalties: Effort 2Had no idea this was a thing! Music ownership is managed by means of royalties.
Royalty rights are not affected by financial markets and provide a steady flow of passive income.You can bid on royalties on your own website Royalty Exchange.Buy and Sell Domain Names: Effort 3Internet domain names can be valuable! Thats why famous men and women rush to signature their childrens names since if someone is going to pimp a infant, its gonna be Beyonce and Jay Z and not some internet nerd.There is some chance involved in choosing a fantastic domain name to buy, but there are also ways to research what might be a great one.
You can purchase domain names at Flippa. We interviewed Adam Dicker about this process.Brick and Mortar BusinessesThe correct brick and mortar business can be a good investment, but there are much more overhead and more moving parts. Therefore much more research must be done than you needed to invest in an online business.
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For a number of us, this is more difficult than it sounds. When you consent to be a silent partner, you need to keep silent which can be hard when its your money on the line, and you think things should be done differently.You can search sites such as Angel Investors Network to get opportunities.Rent it OutYou can make money renting out plenty of things.Rent a Room: Effort 2A lot of places are cracking down on renting out an entire home or apartment, but there arent restrictions on renting out a room in your property.
And theyll cover you! Airbnb connects those with space to rent to people looking for a place to stay. We wrote an article on the process.Rent Just Like a Champion: Do you live near a school campus, renowned golf course, race track, or other venues in which significant sporting events are held You can rent your home out to individuals attending these events through Rent Like a Champion.You place the cost and availability of your rental.
The company provides around $1,000,000 in insurance coverage which functions as your main insurance policy for the time your house is rented out.The policy covers liability, structural damage, and harm to items and property. You're paid via direct deposit 5-6 business days after the guests check out. The website currently has listings in 25 cities in the US.Rent Your Materials: Effort 2Peer Renters: Are you one of those people who makes the decision to begin a new hobby, then purchases all the things you need to partake in that pastime, do it once and then recognize you hate it, and now youre stuck with all this expensive shitOr perhaps you really do use your things, however you probably arent using it all of the time.
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And even that isnt enough space for all the things we buy, so we need more storage space. There is almost no maintenance for storage units, and they dont need the same amount of management as a rental property.The units are self-serve. People let themselves in and out of their units.
You can peruse storage centers for see here now sale at LoopNet.If you dont have the money to buy or construct a facility, you can invest in a REIT that specializes in those such as Public Storage or ExtraSpace Storage Inc.Pyramid SchemesA pyramid scheme is a form of investment in which every person involved recruits others to join.
Herbalife and Amway call themselves multi-level marketing companies but have been accused of being pyramid schemes.There are a lot of lazy men and women who dont want to get real jobs but want to pretend to have a livelihood. These are the kinds of people that you can recruit for your own pyramid scheme.
There are a great deal of fat men and women who want to be thin but who dont want to eat less and proceed, so my review here some kind of magic weight loss product like a shake or a body wrap are two good ideas.Make all kinds of crazy claims about your product, together with regulatory agencies , whos going to stop you This shake can allow you to lose ten pounds overnight! This wrapping will eliminate cellulite in just 2 weeks!It helps if you're good looking, Our site healthy, and charismatic.